Ever since the First Couple entered the White House, their social life has swirled around the very rich. Hollywood actors, pop star singers, Wall Street hedge fund managers, billionaire investors — these are the fabled "top 1 percent" in terms of income and wealth.
Economic freedom is often conflated with “business interests.” In reality, economic freedom is about promoting the individual’s interest. The Indiana State Legislature has great opportunity this year to advance economic freedom for our state’s individual workers.
“Government is killing small business,” said Bob Bertsch, who closed his longtime construction business in Washington State and auctioned off his assets. The problems: taxes and overburdensome regulations. I know what he’s talking about—and so do too many Americans.
If you were playing chess against someone, and that person kept pleading with you to make a certain move, wouldn’t you be a tad bit suspicious that they weren’t trying to help you win?
On January 3th, the day before the appointments, Obama’s job approval ratings, according to RealClearPolitics, averaged 47.2 approval and 47.8 disapproval. Basically a tie. Today, his job approval is at 44.5 and disapproval is 50.3. Moving over the course of a week from a tie to a spread of almost 6 percentage points.
The move portends bigger government, not smaller.
When it’s hard to make sense, it’s easier to drive home fallacious points about income gap’s, a smaller middle class, salary and wage discrepancies and the rest of the class warfare arguments you see popping up all over the media and in virtually every left wing political comment or speech.
The latest Rassmussen poll shows Americans favoring repeal of the new health-care law by a 53-40 margin — the Obama administration has developed a new theory as to why. We simply don’t trust government enough.
The two post-spin-off stocks will represent Sara Lee's international coffee and tea business in one company, and North American operations in another company, which includes Jimmy Dean, Ball Park and Hillshire Farm meat products; baked goods, and the commercial food operations.
Is there a single public official who is examining -- who cares about -- the murder spree by Afghan security forces against Western troops and security contractors in Afghanistan? I can list well over 40 such murders in the past two years. These incidents even have their own phrase in military jargon -- "green-on-blue" shootings -- but the color we should all be seeing is red. Does Obama see red? Pelosi? Romney? Newt? Anyone?
Boy, is it ever hot in South Carolina these days. Last night’s debate started with fireworks, and the rockets’ red glare are guaranteed to continue through the weekend. This is the stuff of primary lore; one that will be remembered for decades. It’s just a bit sad, however, that it’s less a clash of titanic issues and more one of titanic (and flawed) egos.
This week, I voted to repeal another piece of President Obama's unsustainable healthcare law - the Community Living Assistance Services and Supports (CLASS) program. In addition to voting to repeal this legislation, I am a co-sponsor on the bill that would repeal this program.
Anti-Semitism may not yet be a litmus test for social acceptability in the US, but it has certainly become acceptable. Proof of this dismal state of affairs came this week with the publication of a supportive profile of University of Chicago professor John Mearsheimer in The Atlantic Monthly written by the magazine's in-house foreign policy guru Robert Kaplan.
The Lad came East to visit with some clients and had dinner with the Mullings Director of Standards and Practices and, as happens at family dinners in Your Nation's Capital, we talked about politics. I said that I understood that Rick Perry had cancelled much of his schedule on Wednesday afternoon which told me he was going to be out of this thing before the debate last night.
Focusing attention and attacks on people who have greater wealth-generating capacity -- whether races, classes or whatever -- has had counterproductive consequences, including tragedies written in the blood of millions. Whole totalitarian governments have risen to dictatorial power on the wings of envy and resentment ideologies.
"In the Treasury we do not speak of tons of silver. Our unit is the troy ounce." That was the response from some bureaucrat when Leslie Groves, the man who oversaw the Manhattan Project, sought thousands of tons of silver to be turned into electrical wires.
The root of economic freedom is the recognition of the right to own private property. That includes the right to utilize it unmolested, to dispose of it without anyone's permission and to exclude anyone from it, even the government. Suffice it to say, no American president since the advent of the income tax and the Federal Reserve 100 years ago has fully accepted or meaningfully defended that right.
I wish Republican politicians would have faith in the largely conservative electorate and not behave as though they'll make themselves unelectable unless they pander to Generic Moderate.
Obama and enviro-whacko friends know that if they allow Canadian tar sands oil to be developed via the Keystone pipeline, that the US will also start to develop their own tar-sands and shale oil. If that happens, the green economy ruse that the left has sponsored, already reeling from bankruptcies and cronyism, would collapse. It would show that there is no shortage of oil and “green” energy can not compete with fossil fuels.
In 1977 I was in my 7th year as a talk show host on Atlanta’s WRNG “Ring Radio.” Talk radio in 1977 was nothing like it is right now.
When his tenure at the investment firm Bain Capital became an issue in the race for the Republican presidential nomination, Mitt Romney responded by saying he "was disappointed ... to see one of my opponents attacking free enterprise, just like the president was."
On Dec. 31, just hours before a New Year's Eve celebration, President Barack Obama signed the National Defense Authorization Act for Fiscal Year 2012. Section 1245 of the law contains language providing authority to impose economic sanctions on Iran in order to deter the ayatollahs from acquiring nuclear weapons.
To the Occupy movement: I know some of you mean well. I even share some of your concerns. The dismal economy has made it difficult to find a good job with benefits. Meanwhile, the government is bailing out the wealthy banks and mortgage lenders that helped precipitate this depressed economy.
While Romney is a millionaire, any American who buys a share of stock and sells it for a profit, or is paid dividends from that stock or other investment, or sells a home would would pay the same rate Romney does.
In an intriguing set of empirical studies just published in the Archives of Sexual Behavior, a team of social scientists led by professor Sanne Nauts shows that the mere prospect of speaking with an unknown woman reduces men's (but not women's) performance on cognitive tasks.
New York City government schools have had some pretty outrageous policies. Rubber rooms were a great example. They were special places created for teachers accused of crimes, incompetence and the like. Due to state tenure laws, it actually cost less to house the failed teachers in a location where they couldn’t inflict more damage on students, than to go through the lengthy and expensive legal process necessary to fire them.
Last year, Planned Parenthood committed nearly 330,000 abortions, received almost $500,000,000 in taxpayer subsidies, and started a texting campaign so that girls as young as 14 can interact with the abortion provider and receive propaganda from the same. And that was just in the United States.
Plugging in Planned Parenthood's total reported abortion count of 324,008 for 2008 into the tool suggests that the average price paid by a patient at their clinics is $418.61, which would put their annual revenue for performing this volume of abortions at $135,633,517.
In the two Republican contests so far, Paul consistently won about 20 percent of the vote. Polls show that even in South Carolina, which is not considered hospitable territory for the Texas congressman, he is expected to take about one-sixth of the vote.
Recently released Fed transcripts reveal an interesting fact: it wasn’t the all-knowing, impartial Ivy League academics (like Bernanke and Yellen) or the long-term bureaucrats (like Geithner) that expressed concern about the housing and mortgage markets, it was the Republican banker from Tennessee, Susan Bies.
Two hacks at ABC News, Brian Ross and Megan Chuchmach, revealed (brace yourself for a real scoop) that Mitt Romney is a rich guy and some of his investments are based in funds domiciled in the Cayman Islands (gasp!).
The Democratic energy policy is stupid. There isn’t another way to say it. One can ridicule it, satire it, make fun of it, but their line of thinking is stupid.
One of ObamaCare’s big selling points was that it would launch lots of pilot programs so that Medicare bureaucrats could learn how to reduce health care costs and improve the quality of care. This week, the Congressional Budget Office threw cold water on the idea.
President Obama launched the New Year by blasting an unpopular Congress.
The past few weeks President Obama requested a trillion dollar increase to the debt limit, appointed another liberal to head the Domestic Policy Council, rejected the Keystone Oil Pipeline and rallied nearly 200 big-time Hollywood supporters to campaign for him. It’s business as usual--just another month in his relentless campaign to destroy American values and prosperity.
Will ABC's interview of Marianne Ginrich matter in the South Carolina primary? Will Mitt Romney's wealth and "effective tax rate of 15%" hurt him in the Palmetto State? Will the endorsement of Rick Santorum by key Evangelical leaders over the past weekend in Texas swing him crucial support on Saturday?
The best part about the campaign trail is the places you go and the people you meet. This week, we are in South Carolina, and I am thrilled to be back in the Palmetto State. I graduated from Presbyterian College, located in Clinton, live across the state line in Georgia and feel very at home here.
The president is standing before the entire nation with his pants bunched up around his ankles. Because today is the day that Obama increased the amount of energy we need to import from places like the Middle East and Venezuela; today is the day that he crushed hundreds of thousands of US jobs. And he did both because he can't be bothered to do ANYTHING, except campaign.
A group of conservative evangelical leaders met in Texas last weekend and endorsed a Roman Catholic for president. Given the history of evangelical antipathy toward the theological underpinnings of the Roman Catholic Church, that in itself signals a remarkable evolution (pardon the word), along with a considerable amount of political pragmatism.
After years as an officeholder, strategist, pollster, you name it, I have truly come to despise politicians. This year's GOP nomination process has sealed the deal.
Director of National Intelligence James Clapper has described the Muslim Brotherhood as “secular.” Vice President Joseph Biden recently said the Taliban “is not our enemy.” According to John Brennan, assistant to the President for counterterrorism, terrorists who proclaim they are motivated by religion should not be described using “religious terms.” Where do such ideas come from?
Whose job would you want to have? Would it be President Barack Obama's or Governor Chris Christie's in the great state of New Jersey? Would it be President Obama's, whose budget woes are getting graver, or would it be Governor Christie's, whose budget is at least looking to be survivable?
As I’ve explained elsewhere, foreigners have more than $10 trillion invested in the U.S. economy, in part because the United States is a tax haven for foreign investors.
In the House, the bill is called SOPA, in the Senate it’s PIPA. The supporters of these bad bills don’t fall along party lines.
Mitt Romney has spent more than 20 years in private enterprise, making thousands of business decisions affecting hundreds of companies that led to more than 100,000 new jobs and billions of dollars for employees and investors. So you can see why the left despises him.
The world’s oil market seized in recent days amid heightened tensions between the United States and Iran in the Strait of Hormuz. Oil-rich Iran, sensitive to the prospect of global sanctions on its exports, hinted that it would attack American shipping in the strait.
The Golden Globes yesterday displayed Hollywood's increasingly coarse contribution to culture again this year as Ricky Gervais dropped an F-bomb during the show's broadcast. Evidently drinking, he told the AP how delighted he was to have: "a job where you can get drunk and say what you want and they still pay you."
Let's hear it for The Usable Past. That phrase was much in vogue among historians not long ago, and may still be. Historians, too wanted to be part of the practical arts. History, we were told, isn't something to be studied for its own sake, but as a guide to current politics. A useful collection of talking points. A great warehouse of stick figures we can choose from to make our case.
Once again, socialism has put a silver fork in itself. Standard & Poor's has downgraded France's AAA credit rating, giving the country the side-eye on its claims to have its debt under control. This means the country will now have to pay it all back at an even higher interest rate.
And then there were five. Jon Huntsman bid farewell to the race for the Republican presidential nomination this week, not shocking many. He leaves behind Romney, Gingrich, Santorum, Perry and Paul. (Reminds me a little bit of a secular version of the last supper.)
On December 6, President Barack Obama’s support for the demands of the “Lesbian, Gay, Bisexual, and Transgender” agenda rose to the next level when he issued a memorandum directing federal agencies abroad to “improve protections for LGBT asylum seekers and to strengthen opposition to criminalization of LGBT status or conduct.”
Near The Kirti Monastary in a Tibetan area of China's Sichuan province, 21-year-old Lobsang Jamyang publicly set himself on fire last Saturday. It was the fourth time this month that a Tibetan protesting Chinese repression had resorted to self-immolation.
In reading some of the news coverage and commentary concerning President Obama’s non-recess appointments of Richard Griffin and Sharon Block to the National Labor Relations Board (NLRB) you would think they had waited months and even years under so-called “obstructionism” in the U.S. Senate.
He promised there wouldn’t be lobbyists. Not a one. But less than a week into Barack Obama’s presidency (a week!), the White House had hired at least a dozen of them. They granted exceptions for some, and for others they exploited loopholes in the administration’s own self-written, self-imposed rules.
It's a crying shame that in today's network "news" media only books written by gabby left-wing celebrities generate interest. When those left-wing screeds are written by left-wing, celebrity clowns such as Michael Moore, Bill Maher or Ed Schultz, then somehow it's A-list booking. That's when the "Today" show and "The Tonight Show" roll out the red carpet.
Simon Schama holds a place of honor in our home. Preparing for a trip to London in 2005, we watched his video series "A History of Britain" over the course of several weeks. Our boys loved it so much that they would chant "Britain! Britain!" after dinner. His history of the French Revolution, "Citizens," was masterful.
It’s ironic that the first European president of the United States may end up a victim of the financial crisis that’s killing the eurozone. It’s even funnier that a president who thought that managing China would be easier than managing the United States could also be done-in by China’s slowing economy.
Mike Huckabee, affable host at this weekend’s Republican debate in South Carolina, occasionally (and effortlessly) upstaged the five presidential candidates who participated. The former Arkansas governor remains such a comfortable, self-assured media presence that many conservatives yearn for him to play a more prominent role in the party’s national leadership.
Four days after police arrested Rosa Parks for refusing to surrender her seat to a white man on a Montgomery, Ala., bus, the young Rev. Martin Luther King Jr. explained the Christian foundation of the civil rights movement he was about to lead.
A blonde finds lipstick on her husband's collar. Suspicious that he's cheating on her, she heads to a local gun shop and buys herself a pistol. That night, she hides in her bedroom closet. Sure enough, the husband comes home with his redheaded secretary on his arm and leads her to the bed. As they began to caress, the wife jumps out of the closet and holds the gun to her head.
February 2012 will mark the 40th anniversary of former President Richard Nixon's historic Cold War visit to China. Nixon's trip produced the Shanghai Communique, a diplomatic statement in which both the U.S. and a still very red Communist China agreed to establish a political relationship based on something more than ideological antagonism and frozen or unfinished wars (North Korea and Taiwan) that could reignite.
President Obama's puny election year plan to consolidate a handful of government agencies and programs is about three years and $4 trillion too late.
Why did Sen. Rick Santorum suddenly surge to the status of a leading candidate for the Republican nomination for president after having been treated like a not-to-be-taken-seriously contender in the many television debates? It's not only because a significant segment of conservatives voted by a super majority to back him at a meeting in Houston last week.
While second- and third-rank Republican presidential aspirants snort over front-runner Mitt Romney's liabilities, one of the truly large issues in present day politics emerges in Wisconsin. To wit, can anything be done to corral the excesses of public labor unions?
The record of President Obama's first three years in office is in, and nothing that happens now can go back and change that. What that record shows is that President Obama, with his throwback, old-fashioned, 1970s Keynesian economics, has put America through the worst recovery from a recession since the Great Depression.
Mainstream media hostility to the Republican Party is certainly nothing new, or at least not novel enough to lose any sleep over. The media narrative of the GOP as the captives of Wall Street and the business interests is as old as the hills.
Winning Our Future, a "super PAC" that supports Newt Gingrich's bid for the Republican presidential nomination, is spending more than $1.2 million on ads in South Carolina, which holds its primary on Saturday. That fact requires some explanation.
GOP presidential hopefuls – most notably Newt Gingrich and Rick Perry – have been attempting to derail Golden Boy Mitt Romney's campaign momentum by attacking his background as a venture capitalist, deriding as "vulture capitalism" the practice of acquiring businesses through leveraged buyouts and attempting to increase their value through cutting costs, laying off workers and stripping out assets.
Historically, platinum almost always trades at a premium to gold -- as you would expect, considering it's about 30 times rarer.
Foremost among these ridiculous exemptions is the allowance of proprietary trading when the financial instrument in question is either a U.S. Treasury bill/bond or a security issued by Fannie Mae and Freddie Mac.
The Obama Administration is pushing this regulation because it thinks the anti-tax competition agenda of Europe’s welfare states is so important that it is willing to risk the health of the American economy,
The chart below reveals what we found for the year 2008, which corresponds to the most recent year for the U.S. Centers for Disease Control has published data regarding the racial distribution of who obtains abortions in the U.S.
Richard Thomas said he prayed for guidance to select the best Republican presidential candidate in the South Carolina primary on Saturday. Those prayers brought Thomas, an engineer, to former Massachusetts Gov. Mitt Romney, the front-runner in the Palmetto State primary.
One of the declared goals of the Netanyahu government is to ensure that Israeli schoolchildren receive a strong Zionist education. To this end, Prime Minister Binyamin Netanyahu appointed Gideon Sa'ar as his education minister.
“Don’t do it.” That is the message American officials, from President Obama on down, are delivering to their Israeli counterparts in the hope of dissuading the Jewish State from taking a fateful step: attacking Iran to prevent the mullahs’ imminent acquisition of nuclear weapons.
Appearing at Harvard University shortly before his death in 1968, Dr. Martin Luther King, Jr. responded to an apparently hostile question from an audience member about Zionism, saying, “When people criticize Zionists they mean Jews, you are talking anti-Semitism.”
In my previous two columns, I outlined the 10 questions we need to ask to find our next president. I believe them wholeheartedly, but I have one last question that is almost as important as all of them combined. And it is for all the GOP candidates.
If you were trying to come up with the atrocious candidate imaginable to go toe-to-toe with Barack Obama in 2012, you couldn't do much worse than Mitt Romney.
In January 2009, a pro-life group at Spokane Falls Community College (SFCC) decided to publicize and protest the disproportionate abortion rate among black Americans. They argued that the racist roots of Planned Parenthood were reflected in the organization’s activities in our nation’s inner cities. But before they could hold their event, they had to have their posters approved by the college administration.
After a New Year's Eve fight, former Venezuelan TV actress Eliana Lopez went to the home of neighbor Ivory Madison to talk about her husband's behavior. Madison later told police that she took video of a bruise on her friend's arm and had texts Lopez had sent that documented spousal abuse.
I guess we were supposed to be encouraged last week when the regulator-in-chief pulled out his plastic preschool scissors while promising to cut the government down to size.
President Barack Obama has certainly changed the tone in Washington. What used to be a town well-known for partisan bickering has been transformed into a 24/7 hate fest. Obama may bemoan the rancor in Congress every time the cameras are rolling, but make no mistake, this acidic atmosphere is by his own design.
It pays a yield of 10.5%. And it's one of the most unique dividend payers on the market. It's not a regular business -- it doesn't have thousands of employees or millions of dollars worth of equipment --and it doesn't have complex operations that take a doctorate degree to understand or track.
What is more plausible is that the people themselves see the error of his (and their) ways, chastened by the results of our ill-conceived experiment in cool socialism, and they elect a president who leads us back towards freedom.
The stock carries a 2012 price earnings ratio (PE) of 13.9 before the coming earnings estimate revisions. As EPS estimates are revised upward, the PE adjusts downward, indicating a strong growth company with a PE appealing to a value investor
Bernanke offers endless words about the Fed's willingness to keep the economy on track. In reality it appears as if he only wants to do one thing: keep asset bubbles from collapsing by continually debasing the currency and looting the savings of thrifty Americans.
Last week, Fred Krupp of the Environmental Defense Fund miscounted his cards when he claimed that new EPA regulations will “protect the IQ of countless of American kids and help clear the air for millions of Americans with asthma.”
The only potentially good thing about his plan (and I admit that I’m motivated by pettiness) is that it would tax hypocritical leftists such as Warren Buffett, who argue for higher income tax rates, secure in the knowledge that they will be largely unaffected.
Riots have taken place in “civilized” first world countries. Spain, Italy, Greece, even France and England. Unemployment in some of them is over 20%, and for younger people that have never been hired it can be significantly higher.
These software programs are remarkably similar to each other, and this year's programs look and feel a lot like the offerings from last year. Frankly, it's hard to make a case for one tax software package over the other as they are both quite good.
Why did only Americans of Cuban heritage get miffed at Mercedes Benz for their Che Guevara promotional flap? From USA Today to Forbes and from the Miami Herald to The Blaze, it was the same story “Cuban-Americans angered.” Then “Mercedes apologizes to Cuban-Americans.”
As the New Year moves forward, Americans are pursuing resolutions that will help them improve their lives. However, the single most important action that can benefit the nation’s businesses, industry and consumers is the advancement of sensible policies that enable the full development of the United States robust energy resources.
On October 16, 2011 the new memorial for Martin Luther was finally completed. There was only one problem with the work. The wrong words were carved on the statue. The tone of the phrase misrepresented “the spirit” of the fallen leader. After a huge controversy, the memorial leadership decided to change the writing on the statue.
All Americans hope condors will not be sliced and diced by giant Cuisinarts. But most of us are puzzled that so few “environmentalists” and FWS “caretakers” express concern about the countless bald and golden eagles, hawks, falcons, vultures, ducks, geese, bats and other rare, threatened, endangered and common flying creatures imperiled by turbine blades.
Some of you might have noticed that I like to do TV; which is to say I will go anywhere, anytime, to be on with anyone, on any TV outlet including "Bob's TV Network" (BTV) even if its is available only within the confines of his mother's house in Cleveland which includes Bob's combo basement/bedroom/TV studio.
Of course President Obama is not concentrating on campaigning, White House press spokesmen assured us -- as the president headed off to Chicago for three fundraisers and a drop-in at his campaign headquarters, two days after a high-roller fundraising choked off traffic five blocks from the White House, with the assistance of a score of D.C. police cars.
Author’s Note: A student-led apologetics ministry at Lenoir-Rhyne University called Ratio Christi will be hosting a convocation on Spiritual and Intellectual development titled "Postmodernism, Political Correctness, and Christianity" on Thursday, January 19th from 7:00-9:00 PM in the Belk Centrum. I am honored to be the featured speaker. A Q&A will follow the presentation. The event is open to the public. I hope to see you there.
The Beatles once rocked America with their cover version of “Money (That’s What I Want).” Today, I’ll rock you with my version. Capitalism don't get everything it's true. What it don't get I can't use. Now gimme capitalism (that's what I want).
Mitt Romney, fresh from victories in Iowa and New Hampshire, continues to attack President Obama and focus on how he has the business background to..."get America working again." But he can thank the Wall Street Journal, an angry Newt Gingrich, and opposition research for testing the mettle of the man early!
A few years ago, we came up with a great idea on how to handle Thanksgiving break with both of our children in college. Instead of bringing them home to stuff them on Thanksgiving Day – and then not see much of them for the rest of the weekend – we decided to rendezvous in a great American city. This year, in a family ballot, we selected New Orleans (previous winners were New York and Chicago).
Americans understand that this summer’s debt deal was baloney. They know the Washington Establishment is incapable of doing the right thing now, which is why they do not trust promises that stretch over the next decade.
There are no winning plays for Japan, given a debt load set to hit 230 percent of gross domestic product. The US would be advised to pay attention.
We think silver is a bargain right now. In fact, I've been telling my Scarcity & Real Wealth subscribers that I believe a sharp move in silver could be in store for investors.
If there was an award for the strangest argument in favor of higher taxes, it would probably belong to a group of academics who have concluded that “progressive” tax systems make people happier.
As hype around the general election ramps up, it looks like progressives again will do anything to hold on to power and advance their agenda. Events this week gave us a peek behind the curtain into the mind of the honest, “tolerant” class and exposed how they work. Let’s take a look.
In 2008, Barack Obama was swept into the White House in large part due to public opposition to President Bush’s heavy-handed use of executive power and accusations that he had circumvented Congress - a constant criticism employed by candidate Obama on the stump.
In this week's Email, Hate Mail we take on misanthropy, misinformation and MsAllison.
This month a report surfaced of 3rd graders in Charlottesville, Virginia singing a song that the kiddos wrote (or so we were told) about being part of the 99% “Occupiers.” Here is a sample of the lyrics that the 9-year-olds supposedly drafted and then crooned for their comrades in class.
The basic components of a choice are easiest understood as a selection of one option out of the two or more options that are presented at any given time. Often choices are simple: vanilla or rocky road, for example. But sometimes they are difficult, especially if the choice in view carries life-altering—and perhaps even life-ending—consequences.
This is the time of year when 2012 prediction lists abound. I am struck by how many lists have included some reference to a surge in American entrepreneurship during the next year. Entrepreneurs are clearly being counted upon to act as one of the centerpieces of America's economic recovery.
Along with many others, I complained a couple of days ago that Mercedes-Benz was morally bankrupt for using the image of a notorious racist, communist, and murderer as part of a marketing gimmick.
Today new data marks the fourth time in the last six weeks in which the size of the change in the reported numbers from week to week has exceeded one standard deviation. That's specifically what we're looking at when we suggest that the established trend may be beginning to break down.
Mayor Bloomberg of New York City has been an enigma to every freedom-loving American patriot. Using this unprecedented American freedom, he built a large empire and then used his vast wealth to get elected and then re-elected as mayor of America’s financial capital—New York City.
If Mitt Romney gets the GOP nomination, prepare for a season of class warfare in America unlike any before. Not only has President Obama been pushing class warfare unceasingly for three years now, but his chief strategist, David Axelrod, has been employing precisely this tactic against Romney, and well before Newt Gingrich and Rick Perry started harshly criticizing Romney’s Bain Capital work.